Federal Reserve Chairman Jerome Powell said the central bank is prepared to raise interest rates in half-percentage-point steps if it concludes that is warranted to bring inflation down.7 min read
Investors sold stocks and government bonds after Fed Chairman Jerome Powell suggested more-aggressive interest-rate moves may be necessary to tame inflation. The Dow dropped 202 points.4 min read
A Boeing 737-800 passenger plane operated by China Eastern Airlines carrying 132 people crashed in southern China.6 min read
A proposal would require public companies to provide estimates of direct and indirect greenhouse-gas emissions, including from suppliers and customers in some cases.6 min read
President Biden’s first nominee for the high court cited Justice Stephen Breyer as a role model after the senators aired partisan differences on the first day of her confirmation hearings.6 min read
Stacey Klein recounted how Mark Forkner assured her multiple times that airline pilots wouldn’t encounter the flight-control system known as MCAS.3 min read
Alibaba boosted its share buyback program to $25 billion from $15 billion, a sign of confidence from a company whose stock has fallen by more than half in the past year.1 min read
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Business & Finance
Warren Buffett’s Berkshire, whose operations include insurer Geico, said it expects to complete the cash acquisition by the end of the year.2 min read
Nike posted revenue of $10.9 billion in the latest quarter, up 5% from a year earlier, as the sneaker giant benefited from gains in its digital business. The company said consumer demand continues to outpace supplies across most of its markets.3 min read
Alphabet’s Google should be made to turn over internal emails it has withheld or redacted in the antitrust case filed against it by state and federal governments, the Justice Department said.3 min read
Despite the outsize gains, women’s pay still lags well behind men’s.3 min read
Oil companies are putting more rigs back to work after depleting their stockpiles of previously drilled but untapped wells.5 min read
U.S.
The former Missouri governor and current Republican Senate candidate denied the allegations, which Sheena Greitens made in a sworn court filing.5 min read
Lawmakers across the U.S. are pushing to pause the collection of gasoline taxes to give drivers a temporary break at the pump as fuel costs hover near record highs.3 min read
Fearing development in Colorado, Nebraska plans to build an interstate canal to lay claim to water from the South Platte River before its neighbor uses it up.995 min read
Sports
After a first weekend with dozens of close calls and 15 upsets, top seeds Gonzaga, Kansas and Arizona are learning the hard way that this field has more parity than usual.665 min read
World
The issue is galvanizing opposition to the nuclear deal in Washington and among allies like Israel, which criticized any attempt to remove the terrorism designation of the Islamic Revolutionary Guard Corps.686 min read
The Biden administration concluded that the army’s campaign of mass killings and rape in 2016 and 2017 had clear intent to destroy the minority community.5 min read
Life & Work
Workers returning to the office after two years are learning their already-expensive downtown salads and sandwiches got pricier during their absence.2055 min read
On St. Croix, the structure built by a countess will become an event space and short-term rental.2 min read
Christie’s will sell “Shot Sage Blue Marilyn” for a record asking price at auction in May.334 min read
These versatile varieties will thrive as indoor greenery now, then wow you when you shift them onto your patio this summer.
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